Quite simply, this move will be devastating to Malaga.
The club would lose their best player and the man Sheikh Abdullah was to build his team around. Cazorla was the poster boy and focal point of Malaga's project.
Now he looks to lead a mass exodus from a club that aimed to challenge Barcelona and Real Madrid within five years. While Cazorla's exit from Malaga is not yet official, it seems to be just the first of many exits from the club.
Rondon has already left while Isco, Jeremy Toulalan, Enzo, Joaquin and countless others could be right behind him.
Unlike Chelsea and Man City before them, Malaga were not given 5-10 years of wild, unmonitored spending without regulation. The new FFP rules have hindered the club just enough for their owner to lose interest.
Sheikh Abdullah had been rumored to be non-committal, often failing to make payments on time. Now Malaga is learning that the hard way. His "project" now appears to be a failed business venture.
Without Cazorla and the other players expected to leave, Malaga will not challenge for a Champions League spot, much less a title.
While Arsenal shows they are looking to win silverware, Malaga is showing a lack of vision, capital and management prowess.
The Andalusian club is losing its heart and it seems only a matter of time before they are back fighting for league survival.